Tuesday, September 21, 2021

Daily Trading Analysis 21.09.2021

Trading Analysis of EUR/USD
EUR/USD will fall to 1.13 by the end of 2022 - Danske Bank.







Our Analysis:

While the price is below 1.1910, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.1725
  • Take Profit 1: 1.1660
  • Take Profit 2: 1.1580

Alternative scenario:

If the level 1.1910 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.1910
  • Take Profit 1: 1.1980
  • Take Profit 2: 1.2060

Trading Analysis of NZD/USD

The NZD/USD started the new week under pressure and fell to a 3 week low at 0.7006 and then rebounded moderately.





Our Analysis:

While the price is below 0.7170, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.7022
  • Take Profit 1: 0.6940
  • Take Profit 2: 0.6875

Alternative scenario:

If the level 0.7170 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.7170
  • Take Profit 1: 0.7240
  • Take Profit 2: 0.7320

Fundamental Trading
Analysis of Boeing 

Boeing has started to regain order momentum in 2021 after two crises - the 737 MAX flight ban and the COVID-19 pandemic. In the first eight months of this year, the aerospace giant received 315 net orders for commercial aircraft. That is a welcome change after two years of negative net orders.

Our Analysis:

As long as the price is above the 204.70 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 213.36
  • Take Profit 1: 226.40
  • Take Profit 2: 232.00

Alternative scenario:

If the level of 204.70 is broken-down, follow the recommendations below:   
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 204.70
  • Take Profit 1: 195.60
  • Take Profit 2: 190.30

Risk Warning: Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

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